Asia Pacific Chocolate Market, By Category (Boxed Chocolates, Countline Chocolates, Straightline Chocolates, Molded Bars, Novelties, Other Chocolates), and By Countries (China, India, New Zealand, Japan, Australia, South Korea, Malaysia, Singapore, Rest of Asia Pacific) – Size, Share, Outlook and Opportunity Analysis, 2023 – 2030

Published In : Jul 2023

Code : CMI4050

Pages :120

Formats :

Excel and PDF

Industry : Consumer Goods

Market News

Asia Pacific Chocolate Market: Key Developments

In February 2022, during the 2022 Consumer Analyst Group of New York (CAGNY) Conference, Mondelez International highlighted its AMEA region strategy. As 90% of AMEA revenue comes from focus brands, which include Oreo and Cadbury Dairy Milk, two global brands with annual sales of $1 billion each, as well as 11 brands with sales of more than $100 million, including regional jewels like Bournvita and Kinh Do.

In Aug 2022, Cargill company which provides food, agriculture, financial and industrial products and services to the world, agreed to acquire Aalst Chocolate Pte. Ltd., a renowned chocolate manufacturer with headquarters in Singapore, in response to the demand for chocolate products in the lucrative Asian market.

In Jan 2023, In Australia, Nestle introduced not one, but two new decadent flavors. Available for purchase are the fresh KitKat Smooth Hazelnut and KitKat Mint Cookies and Cream.

In Feb 2023, a subsidiary of The Hershey Company, a well-known international snack and confectionery company, Hershey India Pvt. Ltd., announced its entry into the market for chocolate-coated wafers. With the introduction of HERSHEY\'S Choco Tubes, the company enters India\'s US$ 307.12 Million (Rs 2,000 crore) coated-wafer biscuit chocolate market.